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Entrepreneurs

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Title: Entrepreneurs


1
Entrepreneurs
2
Definitions
  • Entrepreneurs- people who own, operate, and take
    the risk of a business venture
  • Entrepreneurship- The process of running a
    business of ones own
  • Employee- people who work for someone else

3
6 Types of Entrepreneurial Business
  • Manufacturing- actually produce the products they
    sell
  • Wholesaling- sell the products to people other
    than the final customer
  • Retailing- selling products to people
  • Service- sell services

4
6 Types of Entrepreneurial Businesses cont
  • Agricultural- generate fresh produce other farm
    products
  • Mining extracting- take resources like coal out
    of the ground so they can be consumed

5
Small Business Employ fewer than 20 people!
6
Characteristics of successful Entrepreneurs
  • Independence
  • Self-confident
  • Determination perseverance
  • Goal-orientated
  • The need to achieve set high standards for
    themselves
  • Are able to act quickly

7
Advantages of Entrepreneurship
  • They are their own boss
  • They can choose a business that interest them
  • They can be creative
  • They can make lots of money

8
Disadvantages of Entrepreneurship
  • Entrepreneurship is risky
  • Entrepreneurs face uncertain and irregular
    incomes
  • Entrepreneurs work long hours
  • Entrepreneurs must make all decisions by
    themselves
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